Capco Acquires Wells and Platforms in Offshore Gulf Coast, Texas

Published: 02/13/2004 12:00 AM

Capco Energy Inc. has closed on an acquisition from Dominion and others in the Brazos field, offshore in Matagorda County, Texas, U.S.A. The Company shall have a 90% working Interest and shall be the operator of these wells.

In addition to an earlier announced acquisition, the company now has a total of 31 wells in the Brazos field. The company has 3 wells on line in the Brazos field producing 2.5 million cubic feet a day. The company has selected 10 wells to be placed on line by September 30, 2004, and the balance of the wells are being evaluating for additional potential, after review of the production files and well logs.